Beverly Hills Private Wealth LLC Cuts Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Beverly Hills Private Wealth LLC reduced its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 13.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,118 shares of the aerospace company’s stock after selling 170 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Huntington Ingalls Industries were worth $211,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR purchased a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth about $2,056,000. Assetmark Inc. grew its holdings in Huntington Ingalls Industries by 2,154.9% in the fourth quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company’s stock valued at $1,474,000 after purchasing an additional 7,456 shares during the period. Northcape Wealth Management LLC purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $3,642,000. O Keefe Stevens Advisory Inc. raised its stake in shares of Huntington Ingalls Industries by 63.0% during the 4th quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company’s stock worth $655,000 after buying an additional 1,339 shares during the period. Finally, Essential Planning LLC. purchased a new position in shares of Huntington Ingalls Industries during the 4th quarter valued at approximately $2,457,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on HII shares. Barclays upped their price objective on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Monday. The Goldman Sachs Group raised their price target on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a “buy” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of “Hold” and a consensus price target of $238.44.

Insider Buying and Selling

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein bought 2,120 shares of the business’s stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $164.82 per share, with a total value of $349,418.40. Following the completion of the purchase, the director now directly owns 7,967 shares in the company, valued at $1,313,120.94. The trade was a 36.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Nicolas G. Schuck sold 750 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. This trade represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by company insiders.

Huntington Ingalls Industries Stock Up 1.4 %

HII stock opened at $233.15 on Tuesday. The company has a market cap of $9.15 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 1.15 and a beta of 0.34. The firm has a 50-day moving average of $205.01 and a two-hundred day moving average of $199.04. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $285.81. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.89. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.80 billion. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $3.87 earnings per share. As a group, analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Friday, May 30th. Huntington Ingalls Industries’s dividend payout ratio is currently 38.68%.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.